Business Savings
Business Statement Savings
- A convenient way to save and earn interest.
- Initial deposit of $50 to open
- Interest credited quarterly and a $50 minimum daily balance is required to earn interest
- Statements are prepared quarterly
- A $1 monthly service fee is assessed if the daily balance falls below $50
- Available to businesses and non-profit organizations
- No fee Online Banking including the ability to view savings activity
Business Atlantic Money Market Account
- A money market account with limited check writing capability.
- Variable interest rate money market
- Minimum deposit and minimum balance requirement of $1,500 for personal accounts and $5,000 for business accounts to avoid the $10 monthly service fee
- Limit of six (6) preauthorized transfers from the account during each monthly statement cycle, three (3) of which may be third party checks or similar order. A $2 per item charge will be assessed beginning with the seventh (7) transfer
- Checks are not returned in monthly statements
- Interest is earned on the average daily balance and credited monthly provided the average daily balance does not fall below the minimum
Business Premium Growth Account
- A tiered money market account insured by FDIC under their current regulations. A solid investment in liquid form.
- Offers tiered interest rates based on your balance:
- First Tier: $1 - $ 24,999
- Second Tier: $25,000 - $ 49,999
- Third Tier: $50,000 - $249,999
- Fourth Tier: $250,000 - $499,999
- Fifth Tier: $500,000 - $999,999
- Sixth Tier: $1,000,000 and up
- Minimum deposit and minimum balance requirement of $10,000 to avoid $10 monthly service fee
- Limit of six (6) preauthorized transfers from the account during each monthly statement cycle, three (3) of which may be third party checks or similar order. A $2 per item charge will be assessed beginning with the seventh (7) transfer
- Checks are not returned with monthly statements
- Interest is earned on the average daily balance and credited monthly
